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IHS Markit Commentary: June US Auto Sales

June sales in so far are coming in strong in the United States,
leading to a solid first half. For the year, IHS Markit has held
its light-vehicle sales forecast at 16.9 million units for the
year, and we may see monthly volatility in the second half. With a
healthy economy, consumers are spending. The preference for utility
vehicles over cars continues, but as automakers adjust production
to match, the rate of decline in car sales is likely to settle. The
extra weekend falling in June and early 4th of July sales likely
contributed as well.